Shanghai Electric Group Company Class H ( (SIELF) ) has released its Q4 earnings. Here is a breakdown of the information Shanghai Electric Group Company Class H presented to its investors.
Shanghai Electric Group Company Limited is a joint stock company based in China, primarily engaged in the design, manufacture, and sale of energy equipment, industrial equipment, and integration services. The company operates in sectors such as nuclear power, wind energy, and intelligent manufacturing, with a focus on providing comprehensive solutions and services.
Shanghai Electric reported a total revenue of RMB116,186 million for the year ending December 31, 2024, reflecting a 1.2% increase from the previous year. The company’s net profit attributable to shareholders was RMB752 million, with a basic profit per share of RMB0.048. Despite the revenue growth, the company decided not to declare any final dividend for the year.
Key financial highlights include a significant increase in new orders, totaling RMB153.60 billion, marking an 11.9% rise year-on-year. The energy equipment segment saw a 5.3% increase in revenue, driven by favorable domestic coal-fired power policies, while the industrial equipment and integration services segments experienced slight declines in revenue due to external market conditions.
Looking ahead, Shanghai Electric remains committed to aligning with national strategies and advancing technological innovations. The company aims to enhance its core competitiveness by focusing on high-quality development and expanding its presence in both domestic and international markets. Management is optimistic about leveraging opportunities in the energy and industrial sectors to drive future growth.